POLKADOT AND WELLKEPT LTD

Executive Summary

Polkadot and Wellkept Ltd is a very recently incorporated private limited company with minimal net assets and tight liquidity, reflecting a high-risk profile primarily due to limited operational history and financial scale. While statutory compliance appears satisfactory, the company’s sustainability and ability to meet obligations remain uncertain without further operational and financial insight. Investors should conduct detailed due diligence focusing on business viability and ownership structure before engagement.

POLKADOT AND WELLKEPT LTD - Analysis Report

Company Number: 14887849

Analysis Date: 2025-07-20 12:48 UTC

1. Risk Rating: HIGH
   The company exhibits significant financial fragility with very minimal net assets (£51), current liabilities nearly equal to current assets, and no employees reported. Its very recent incorporation (May 2023) coupled with limited financial information and minimal operational footprint raises concerns about its ability to meet obligations and sustain operations.

2. Key Concerns:

• Minimal Net Assets and Working Capital: Net current assets stand at just £51, indicating extremely tight liquidity and limited buffer to absorb financial shocks or meet short-term liabilities promptly.
• No Employees and Limited Operational History: With zero employees and only one financial year filed, operational stability and business continuity are uncertain. The company is likely in a start-up or pre-revenue phase with unproven business model or cash flows.
• Concentration of Control and Recent Name Change: The majority shareholding is held by Welch Family Holding Ltd with significant control rights, which may concentrate decision-making but also raises governance questions. The recent company name change (April 2024) shortly after formation may indicate restructuring or rebranding that requires scrutiny.

3. Positive Indicators:

• Compliance with Filing Requirements: Accounts and confirmation statements are filed on time with no overdue filings, suggesting governance discipline.
• Clear Accounting Policies and Small Company Exemptions Applied: The company follows FRS 102 standards and small company reporting exemptions, indicating compliance with statutory financial reporting norms.
• Active Website and Contact Details: An active website and published contact details provide some transparency and potential access points for due diligence.

4. Due Diligence Notes:

• Investigate the nature and scale of operations given zero employees and small asset base to determine business viability and revenue prospects.
• Review the rationale behind the recent name change and any corporate restructuring or ownership changes associated with it.
• Assess the strength and financial backing of Welch Family Holding Ltd and the directors’ track records to understand support for the company’s ongoing activities.
• Confirm any off-balance sheet liabilities or contingent risks not disclosed in filed accounts.
• Evaluate cash flow statements or management accounts if available to gauge liquidity dynamics beyond balance sheet snapshots.